OneTrust Home Loans hires Gabe Bodner to lead 55-plus lending division

OneTrust Home Loans, a DBA of CalCon Mutual Mortgage LLC based in San Diego, Calif., announced this week the appointment of Gabe Bodner to the head of its 55-plus lending division which includes its reverse mortgage business. Bodner, a 20-year mortgage professional, previously served OneTrust as a V
Read MoreCFPB commences rulemaking for elder financial abuse

The Consumer Financial Protection Bureau (CFPB) this week announced it has launched rulemaking to address harmful financial consequences of crimes including domestic violence and elder abuse. The Bureau is announcing it ahead of time to gather feedback for potential amendments to the regulation that
Read MoreNo, Wall Street investors are not buying up a bunch of homes
Just a year ago, a striking claim circulated that Wall Street investors had bought 44% of all homes in America in 2023. This kind of sensational story can easily lead to misconceptions about housing economics. Fast forward to today, and the trend has shifted to the idea that BlackRock is snapping up
Read MoreRefi borrowers pounced on fall’s short window of lower mortgage rates

A welcome drop in 30-year conforming mortgage rates to the low-6% range led to a burst of refinance activity early in the fall, with more than 300,000 mortgage holders closing refinance transactions in September and October. That’s according to the December 2024 Mortgage Monitor report from Intercon
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